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NAME ATTENDING PAID INITIAL SHOPPING LIST 1 2 3 4 5 Form

NAME ATTENDING PAID INITIAL SHOPPING LIST 1 2 3 4 5 Form

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Printing and scanning is no longer the best way to manage documents. Go digital and save time with airSlate SignNow, the best solution for electronic signatures. Use its powerful functionality with a simple-to-use intuitive interface to fill out NAME ATTENDING PAID INITIAL SHOPPING LIST 1 2 3 4 5 online, e-sign them, and quickly share them without jumping tabs. Follow our step-by-step guide on how to do paperwork without the paper.

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now let's learn how to account for merchandising purchases on February 1st ABC company purchased a thousand dollars of merchandise for cash that should say not thousand units but it should be thousand dollars of merchandise for cash let's take a look at how we record this transaction what are the accounts affected by this transaction it's going to be inventory and cash inventory is an asset asset increases when you purchase inventory so we're going to debit inventory for a thousand cash decreases because we paid cash cash decreases we're going to put cash on the credit side so your journal entry is debit inventory thousand credit cash a thousand how does this change if instead of paying cash we bought this on account so what if ABC company purchased thousand dollars of merchandise on account then we would be debiting inventory for a thousand but crediting accounts payable for a thousand whenever merchandising company buys products there are certain discounts available to them we're goi

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